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Do economists have a too big influence on media?



We are all seen sometimes economists in the media. And that thing makes us believe that economists are very usual professionals. An economist is a person who studied economics and especially national economics. So they are very highly trained people. The question is are leaders following instructions that economists are giving? Another thing is that economy, and things like human rights and human needs are sometimes different. 

But do economists have too much influence on the national economy and the way how governments use money? When we are looking at economists in the media we are facing the thing that our nation will face bankruptcy at any minute. So the purpose of economists is to tell how we must save money for the future. And that thing means that those people have power. 

If some economists are telling that some nations will go bankrupt. That thing causes the situation that money will start to escape from those countries. This effect increases inflation. So when we are thinking about the financial sector. That thing has a great effect on the economy. The problem with all nations is that they have limited resources. And the biggest problem with economics is that everybody wants free money. 

When we look at nations like Russia, we must realize one thing. Property and useful property are two different things. Even if we have thousands of square kilometers of land area, we cannot buy anything from the shop. Or if some official authorities denied the use of our bank accounts. That means that we will do nothing with that money. Also, things like boycotts are causing problems to use money. There are billions of things that can affect the value of products. 


And if the country where products are made is facing things like sanctions. That can destroy the reputation and value of the companies that are operating in those countries. 


Also, if authorities confiscated property and investments transferred to those countries. That thing can destroy all investments that are in that country. So things like revolution, and change of leaders, especially in dictatorial country causes financial shock. There is the possibility that contracts, made in the era of the past leader not continue similarly in the time of the next leader. Even if the next government continues mainly the same line, there are always small differences in the ways how government works with the private sector. 

But when we think about the power of economists, we must realize that those people are very trusted. People who decide where they will invest a couple of billion euros are listening to the advice of economists. Most of them are working with large-size financial corporations. And if those people would give information that some nation is going to unstable or some financial problems can cause that large financial operator will start to pull money away from that country. 


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